University Shoppes | 3919 Madison Ave
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University Shoppes 3919 Madison Ave
37,492 SF 68% Leased Retail Building Indianapolis, IN 46227 $5,811,627 CAD ($155 CAD/SF) 8.67% Cap Rate
Investment Highlights
- Renovated center
- Value add opportunities
- Long term leases in place
Executive Summary
University Shoppes is a well maintained center featuring a stunning exterior and offer exceptional visibility. Situated on the hard corner of Madison Ave and Hanna Ave. on the southside of Indianapolis. This center benefits from easy access to a dense residential population and immediate proximity to the University of Indianapolis with 5600 students.
Conveniently located less than 4 miles from the heart of downtown Indy and a access to major highways, including I-465 and US 31 which runs north and south through the city.
Please contact broker for Offering Memorandum.
Conveniently located less than 4 miles from the heart of downtown Indy and a access to major highways, including I-465 and US 31 which runs north and south through the city.
Please contact broker for Offering Memorandum.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
37,492 SF
Building Class
B
Year Built/Renovated
1990/2009
Price
$5,811,627 CAD
Price Per SF
$155 CAD
Cap Rate
8.67%
NOI
$503,896 CAD
Percent Leased
68%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Land Acres
7.79 AC
Opportunity Zone
Yes
Zoning
Commercial - University Shoppes is zoned C7 which allows for most uses.
Parking
175 Spaces (4.43 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 49-11-25-107-013.000-501 | Improvements Assessment | $4,618,864 CAD |
| Land Assessment | $926,661 CAD | Total Assessment | $5,545,525 CAD |
PROPERTY TAXES
Parcel Number
49-11-25-107-013.000-501
Land Assessment
$926,661 CAD
Improvements Assessment
$4,618,864 CAD
Total Assessment
$5,545,525 CAD
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Jodi Milto -
C21 Commercial
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University Shoppes | 3919 Madison Ave
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